Can I retire at age 54 with 917,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$75,725$75,050$74,392$73,750$73,123$70,389
2 years$37,488$36,789$36,113$35,457$34,820$32,097
3 years$24,743$24,042$23,367$22,717$22,092$19,465
4 years$18,373$17,674$17,005$16,367$15,756$13,245
5 years$14,551$13,856$13,197$12,571$11,977$9,590
6 years$12,004$11,315$10,665$10,053$9,477$7,215
7 years$10,186$9,502$8,863$8,265$7,708$5,569
8 years$8,823$8,145$7,516$6,934$6,394$4,378
9 years$7,763$7,092$6,474$5,906$5,385$3,488
10 years$6,916$6,251$5,644$5,091$4,588$2,807
11 years$6,223$5,565$4,969$4,431$3,946$2,277
12 years$5,646$4,995$4,410$3,886$3,419$1,858
13 years$5,158$4,514$3,940$3,431$2,982$1,524
14 years$4,741$4,103$3,540$3,046$2,614$1,254
15 years$4,379$3,748$3,196$2,716$2,301$1,036
16 years$4,063$3,439$2,898$2,432$2,034$858
17 years$3,784$3,167$2,637$2,185$1,804$712
18 years$3,537$2,926$2,407$1,969$1,604$592
19 years$3,315$2,712$2,204$1,779$1,429$492
20 years$3,117$2,520$2,022$1,612$1,277$410
21 years$2,937$2,348$1,860$1,463$1,143$342
22 years$2,774$2,191$1,714$1,330$1,024$286
23 years$2,625$2,050$1,583$1,211$919$239
24 years$2,489$1,920$1,464$1,105$826$200
25 years$2,364$1,802$1,356$1,009$744$167
26 years$2,249$1,694$1,258$922$670$140
27 years$2,142$1,594$1,168$844$604$117
28 years$2,044$1,502$1,086$774$545$98
29 years$1,952$1,417$1,010$709$492$82
30 years$1,867$1,338$941$651$445$69
31 years$1,787$1,265$877$598$402$57
32 years$1,712$1,197$818$549$364$48
33 years$1,642$1,134$764$505$329$40
34 years$1,576$1,074$714$465$298$34
35 years$1,515$1,019$668$428$270$28
36 years$1,456$967$625$394$244$24
37 years$1,401$919$585$363$222$20
38 years$1,349$873$547$335$201$17
39 years$1,300$830$513$309$182$14
40 years$1,254$790$481$285$165$12
41 years$1,209$752$451$263$150$10
42 years$1,167$716$423$242$136$8
43 years$1,128$682$397$224$123$7
44 years$1,090$650$372$207$112$6
45 years$1,053$620$350$191$102$5
46 years$1,019$592$328$176$92$4
47 years$986$565$309$163$84$3
48 years$954$539$290$150$76$3
49 years$924$515$273$139$69$2
50 years$895$492$256$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $917,000, adding $5,887 every year, while hoping to spend $22,404 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/26/11 Blend
53$917,000$917,000$917,000$917,000
54$1,016,606$968,005$953,792$1,077,745
55$1,096,463$991,600$961,906$1,142,957
56$1,183,713$1,015,600$969,542$1,211,006
57$1,279,089$1,040,001$976,658$1,284,748
58$1,383,394$1,064,799$983,214$1,364,736
59$1,497,514$1,089,988$989,166$1,451,578
60$1,622,424$1,115,561$994,466$1,545,944
61$1,759,198$1,141,511$999,068$1,648,572
62$1,909,019$1,167,827$1,002,919$1,760,275
63$2,073,189$1,194,500$1,005,967$1,881,948
64$2,253,141$1,221,518$1,008,154$2,014,577
65$2,450,456$1,248,867$1,009,421$2,159,248
66$2,666,873$1,276,532$1,009,708$2,317,159
67$2,904,308$1,304,497$1,008,947$2,489,626
68$3,164,873$1,332,742$1,007,072$2,678,104
69$3,450,891$1,361,248$1,004,010$2,884,192
70$3,764,924$1,389,991$999,687$3,109,654
71$4,109,793$1,418,947$994,022$3,356,433
72$4,488,605$1,448,088$986,935$3,626,669
73$4,904,783$1,477,385$978,338$3,922,721
74$5,362,100$1,506,806$968,141$4,247,188
75$5,864,709$1,536,314$956,249$4,602,935
76$6,417,188$1,565,872$942,562$4,993,117
77$7,024,580$1,595,439$926,977$5,421,213
78$7,692,440$1,624,968$909,383$5,891,055
79$8,426,889$1,654,412$889,668$6,406,867
80$9,234,672$1,683,718$867,712$6,973,303
81$10,123,218$1,712,830$843,390$7,595,491
82$11,100,714$1,741,686$816,571$8,279,085
83$12,176,180$1,770,222$787,119$9,030,312
84$13,359,553$1,798,366$754,891$9,856,038
85$14,661,786$1,826,044$719,738$10,763,827
86$16,094,941$1,853,174$681,503$11,762,016
87$17,672,315$1,879,669$640,023$12,859,792
88$19,408,556$1,905,437$595,128$14,067,282
89$21,319,803$1,930,378$546,639$15,395,643
90$23,423,842$1,954,386$494,371$16,857,173
91$25,740,269$1,977,347$438,128$18,465,424
92$28,290,679$1,999,139$377,708$20,235,331
93$31,098,865$2,019,634$312,898$22,183,355
94$34,191,047$2,038,693$243,477$24,327,636
95$37,596,113$2,056,168$169,213$26,688,164
96$41,345,900$2,071,904$89,865$29,286,972
97$45,475,488$2,085,733$5,181$32,148,340
98$50,023,531$2,097,477$0$35,299,026
99$55,032,625$2,106,948$0$38,778,520
100$60,549,707$2,113,943$0$42,610,620